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Articles Tagged "home prep"

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January
14

Whether it's your first time buying or selling a house or it's your fifth, you'll likely have lots of questions about the process. We understand that, which is why we're answering some of the most frequently asked questions about the home-buying and home-selling process. Read on to get the answers you seek!

Buying a Home

Should I work with an agent?

Yes! When searching for a home, it's important to know what you want. The right agent will help you determine must-haves and deal-breakers, as well as educate you on the communities you're interested in. Your agent will also help you navigate the complexities of the home-buying process. They're the expert, after all!

Should I go to the bank before starting my house search?

Getting pre-approved before starting your house search can be very helpful. By measuring factors like income, credit, and assets, a lender can determine what type of loan best suits your needs and how much home you can afford. Not only will you know your spending budget, it can also give you an upper hand as a buyer because it shows sellers you're serious about making a purchase.

How many houses should I tour?

As many as it takes until you find the perfect home for you. Everyone's needs, wants, and deal-breakers will be different, and you want to avoid settling for a house you'll dislike after a few months. Even if it takes time, it's worth the extra effort.

Do I need money for a big down payment?

Not necessarily. Today, more loan options and homebuying programs exist, giving buyers a larger variety of approaches to buying a house. While some people may still want to complete a large down payment, it is absolutely not vital to purchase a home. In fact, the average first-time buyer only puts 6% down, and many loans and programs available to first-time buyers require even less than that.

How long will closing last?

After negotiations have settled and your offer is accepted, the loan process and title work begin. Inspections and other walkthroughs will be completed as well. Most closings last 30 to 45 days.

 

Selling a Home

Should I sell on my own or with an agent?

You've probably heard from one person or another that going the For Sale By Owner (FSBO) route is optimal as it will save you money that you would otherwise spend on commission fees. However, the benefits of listing, marketing, and exposing your home to potential buyers an agent provides are often worth the commission fee.

What's more, you may end up spending less money by selling with an agent. A typical home sale process that requires lots of time and effort likely won't net you much savings at all if you go it alone.

When should I put my home on the market?

This is the first of many steps where an agent's expertise will help you make a decision. When there are fewer available homes to purchase to meet buyers' demands, you get a seller's market. Each home for sale becomes a hot commodity in this sort of market.

There's no truly bad time to sell, necessarily. Even in a buyer's market, your home will still draw attention so long as it's promoted properly.

Should I make any changes to my home before selling?

Definitely! Do a deep clean, make necessary repairs and replacements, organize cabinets and closets, declutter and depersonalize, and spruce up your home's curb appeal. Be careful about spending too much money on major repairs and renovations, however; you may not make back what you spent in the sale.

How should I price my home?

Determining your home's value can be tricky; setting an accurate sale price can be even tougher. Your agent will help you assess your home's value by analyzing other similar homes in the area that have sold. A home inspection will also help to paint the picture of your home's value.

Setting a sale price is a delicate art. Price it too high and you risk pushing buyers away. Price it too low and you might raise suspicions in buyers' minds. Again, your agent will help you find the sweet spot and price your home favorably.  

 

Still have questions about the home-buying or selling process? Contact one of our expert agents to have your questions answered.

September
30

For most of us, a life lived mostly inside the walls of our home became the norm for at least a year. Lots of things changed; grocery store trips became deliveries, intense hand-washing sessions occurred multiple times a day, and empty guest rooms became home offices.

It makes sense then that homebuyers' preferred features have shifted in response to the changes they've experienced. Point2 Homes examined 43 million words from more than 640,000 listings across the United States, then compared their findings to a study of the same nature in 2019.

Examining the most popular home descriptions words, phrases, and features reveals a lot about how buyers' tastes have changed.

Click Here to Read More...

May
18

Whether you're selling or refinancing, a lot rides on your home's professional appraisal. The appraiser's unbiased opinion will give buyers and lenders alike a clearer vision of your home's worth. A lower number hurts your chances of securing a loan or selling for a good price.

Many factors go into your home's appraisal, some of which you simply can't control like number of bedrooms or the neighborhood. Luckily, there are things you can do to boost your home's profile. Here are some tips for getting a high appraisal.

Look at Past Appraisals

If your home has been appraised in the past, take a look at those records. Pay close attention to the things that lowered your home's value and try to improve those issues first.

Clean Everything

Cleanliness is next to godliness, and that goes for your home too. Scrub, dust, and wipe every corner of your home to create a spotless presentation. Renew your air fresheners or light a candle or two to emphasize a clean, crisp environment. You'd be surprised how something as simple as cleaning can influence your appraisal.

Take Care of Those Minor Repairs

If you've been putting off those pesky leaks or clogged gutters, now's the time to knock them out. Neglecting quick and inexpensive fixes will absolutely negatively affect your appraisal. Be sure to document any minor and major repairs as well, especially if you hire contractors to work on them.

Create Curb Appeal

Before the process even begins, your appraiser will start making mental notes about your home's exterior as they arrive. Make sure they're taking good notes by creating welcoming curb appeal. This can be done by maintaining the grass and any plants, presenting a clean walkway, touching up the paint if need be, and more.

Enter the Modern Age

Worn finishes and creaky, old appliances won't score you any points for being vintage. Instead, consider saying goodbye to these relics of the past and enhancing your home with more modern touches, like quartz countertops or stainless-steel appliances. Appraisers will place more value on these sorts of higher-end details. Of course, it's always worth talking to your agent about which upgrades make the most sense for your home.

With that said, however, it's important not to cater your home to one specific niche. Pricey upgrades may not make as much sense as they do on paper – you may not even recoup those expenses in the sale.

The ultimate takeaway is to ensure your home is well-kept. Even a home with outdated stylings could sell well if it's been maintained with care and consistency over the years.

Be Honest

If there are repairs you haven't completed by the appraisal, be honest with your appraiser. The desire to hide them may be strong – no one is proud to admit they haven't gotten that cracked foundation fixed yet – but it will only hurt you in the long run.

By telling your appraiser of any needed repairs, they can possibly factor the costs of said repairs into the appraisal. Otherwise, they may use a general figure, which could end up hurting your value. If you intend to have the repairs done yourself, the appraiser may need to return to confirm their completion.

Have more questions about getting a high appraisal? Contact a Watson agent today for more info!

April
1

Watson List Your Home

Listing your home for sale can be overwhelming, especially if it's your first time. One of the best ways to sell your home quickly and increase your sale price is through proper home staging. Home staging is both an art and a science and often takes a good bit of experience to pull it off just right. Our real estate agents are experts at home staging and are always willing to offer tips to help you through the process.

Click Here to Read More...

January
1

Maybe your family grew a bit last year and you need more space. Maybe you're ready to move somewhere closer to work. Whatever your reason for moving on from your current house, how you prep your home to sell makes a big difference in attracting interested buyers. Your home's overall condition includes everything from its curb appeal to the foundation it's built on. That's a broad spectrum, and it can easily overwhelm. But with this post, we'll walk you through some of the most critical steps and teach you how to prep your home to sell.

Deep, Deep Clean

We're not talking about wiping down the counters and vacuuming the carpet – save those for your weekend cleaning routine. When selling is your goal, you've got to scrub, dust, and polish every nook and cranny of your home. Clean behind any pictures hanging on the wall. Wash the inside and outside of all your windows. Scrub the built-up grime from the sides and backs of your major appliances. Dust the ceiling fans. If it's not spotless, clean it until it is! Prospective buyers will be impressed by your home's cleanliness, and they'll be encouraged that you've taken good care of it.

Make Necessary Repairs & Replacements

Drafty door? Cracked windows? Sagging roof? Clogged pipes? Any of these could severely damage your ability to sell your home and should be repaired or replaced. It's also important to determine which repairs are the most cost-effective – these should be your priority.

Organize Cabinets & Closets

During a home tour, prospective buyers are inevitably going to open a cabinet or closet and look around. They may just be checking on the amount of space, but you can bet they'll be unimpressed if it's in disarray. There's no greater time to finally tackle a closet or cabinet rearrangement than when prepping your home to sell. Organization, like cleanliness, shows you've treated your home with care.

Declutter & Depersonalize

Decluttering is a common part of prepping your home to sell, and it's easy to see why. Not only does it create space and open up your home, but it makes it much easier for prospective buyers to see themselves living there without all your junk in the way. Speaking of buyers seeing themselves in your home, now would be a good time to depersonalize. Photos of your kids, family heirlooms, or even just a favorite piece of furniture – all of these should be removed. Don't make prospective buyers feel like they're visiting another family; allow them to envision their own life in your home.

Consider Curb Appeal

Your home's exterior can be forgotten amid deep cleaning and decluttering everything inside. But it shouldn't be, because it's the first thing any potential buyer will see. Don't let them develop a negative opinion of your home before they even make it through the front door. Update doorknobs and locks, paint the front door, and be sure to clean outdoor furniture. Add a few colored pots or plant some flowers for a touch of vibrancy. You want your home's exterior to give potential buyers the same feeling it's given you for years: Welcome home. First time putting your home up for sale? Check out our helpful home-selling guide and make sure you get the most out of your investment.

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